VESTLAND MARITIME AS

6953 LEIRVIK I SOGN

Finances

Share Ownership

Return on Equity

79,91 %

Current Ratio

1,89

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020
Revenue	3 807 000	1 285 000	0
Net Income	744 000	242 000	−20 000
Total Assets	1 914 000	705 000	40 000
Total Equity	931 000	292 000	40 000

Income (NOK)	2022	2021	2020
Revenue	3 807 000	1 285 000	0
Expenditure	2 854 000	981 000	20 000
Operating Profit	953 000	305 000	−20 000
Financial Income	0	0	0
Financial Costs	0	0	0
Financial Balance	0	0	0
Earnings Before Tax	954 000	305 000	−20 000
Tax	210 000	63 000	0
Net Income	744 000	242 000	−20 000

Balance (NOK)	2022	2021	2020
Total Fixed Assets	60 000	94 000	0
Total Current Assets	1 854 000	611 000	40 000
Total Assets	1 914 000	705 000	40 000
Total Retained Equity	861 000	222 000	−20 000
Total Equity	931 000	292 000	40 000
Total Long-Term Debt	4 000	5 000	0
Total Current Debt	979 000	408 000	0
Total Equity and Debt	1 914 000	705 000	40 000

Cash flow (NOK)	2022	2021	2020
Sales Income	3 806 000	1 285 000	0
Other Income	1 000	0	0
Revenue	3 807 000	1 285 000	0
Cost of Goods Sold	0	0	0
Salary Costs	2 053 000	698 000	0
Depreciation	25 000	5 000	0
Impairment	0	0	0
Expenditure	2 854 000	981 000	20 000
Operating Profit	953 000	305 000	−20 000
Financial Income	0	0	0
Financial Costs	0	0	0
Financial Balance	0	0	0
Dividends	105 000	0	0
Net Income	744 000	242 000	−20 000

Balance details (NOK)	2022	2021	2020
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	60 000	94 000	0
Total Tangible Assets	60 000	94 000	0
Total Fiancial Fixed Assets	0	0	0
Total Fixed Assets	60 000	94 000	0
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	600 000	195 000	40 000
Total Current Assets	1 854 000	611 000	40 000
Total Assets	1 914 000	705 000	40 000
Total Equity	931 000	292 000	40 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	4 000	5 000	0
Creditors	128 000	83 000	0
Unpaid Taxes	371 000	213 000	0
Dividends	105 000	0	0
Other Current Debt	165 000	54 000	0
Total Current Debt	979 000	408 000	0
Total Equity and Debt	1 914 000	705 000	40 000

Financial indicators	2022	2021	2020
Return on Equity	79,91 %	82,88 %	−50 %
Debt-to-Equity Ratio	0	0,02	0
Operating Profit Margin	25,03 %	23,74 %	-
Current Ratio	1,89	1,5	-
Quick Ratio	1,89	1,5	-
Equity Ratio	0,49	0,41	1
Gross Profit Margin	100 %	100 %	-